SLD 100,000 USD USD.JPY Cash 90.006 JPY IDEALPRO FEB 15 16:45:24 SLD 100,000 USD USD.JPY Cash 90.025 JPY IDEALPRO FEB 15 17:56:49 We'll see If I can hold out for 88.000 level
I know doesn't look like its gonna work, oh well, hindsight should have taken profit when shorterm trend ended.
USDJPY is still in a downtrend technically But I think that the good news will reverse the trend slowly as the trading session rolls on.........
I'm out with a small profit and you were right it looked like it might flip over but never did and looks stronger than ever.
It is now starting to hit some resiz..... I'm looking to build a large short swing trade going into the next Asia/London trading session........
Good statement, not sure where your coming from though. The shortterm trend is up and longterm down, there are opportunities for contertrend shortterm trades and I decided to take it. Not being bull headed or stubborn just didn't see a bullish setup I could take. Seems to be working but the question is will I manage the trade better than I did on the previous one. I discussed that prior trade on this thread http://www.elitetrader.com/vb/showthread.php?s=&postid=2733771#post2733771